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New Music Business Briefing: Net Radio Hearings Today, Guitar Center Grabbed, SonyBMG Gets Russian & Much More

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>>> A compendium of coverage of Tuesday’s internet radio "Day Of Silence" protest and a preview today’s House Committee Hearing on stopping the rate hike which would cripple may broadcasters from RAIN.

>>> $20M a year indie label Eagle Rock is jumping from RED to Fontana for distribution.

>>> Guitar Center which recently made an investment in D.I.Y. download distributor TuneCore has been bought by Bain Capital for $2.1 Billion. (Billboard.biz)

>>> Universal Republic has added to its radio promo staff.(FMQB)Sonybmg

>>> Sony BMG has formed a new online business called Digital Access with Russian industrial group Access Industries and major local record labels Soyuz and Nikitin. (Reuters)

>>> Jay Frank moves from VP Music at Yahoo to CMT as Senior VP to head all of its music initiatives including a substantial digital presence. Iphone_2

>>>Vodaphone may grab the iPhone for Europe.

>>> Digital Music Group has signed three new digital distribution pacts with indies Joyful Noise, Mush and Clockwize. (press release)

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>>> WORTHY CLICK: Artistshousemusic.org is a non-profit site filled with great info and advice for the D.I.Y. and indie musician.

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